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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

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CAD review: Western Union

Tuesday, March 3, 2015 5:27 PM UTC

Quotes from Western Union:

- Stronger than expected Canadian growth last quarter helped fuel a solid rebound in the loonie as it all but slammed the door shut to a local rate cut Wednesday and perhaps anytime soon.

- Canada grew at an annual rate of 2.4 percent in the fourth quarter while Q3 got revised up to 3.2 percent. Forecasts called for growth to slow to 2.0 percent in the latest period.

- Signs of more underlying strength in the economy can buy more wait and see time for Canadian policymakers. The loonie's rally represents an improved market for CAD sellers.

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CAD review: Western Union

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